You're rational, right? You sell your losing stocks willingly, you know how base rates affect which issues matter, right?
Or do you?
Danny Kahneman and Amos Tversky launched a revolution in economics by bringing us behavioral econ.
It has been richly accepted that humans don't make "rational" decisions but there hasn't been too much talk about meta methods and practical day to day tactics to combat the negative effects we might have in and on our own lives from the biases that burrow into those decisions like a cancer.
With Dave Bujnowski, let's discuss:
What are the implications of our biases for investing?
How can we adjust for our biases and misconceptions?
What meta methods seem to work? What tactics do you use?